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Established Contributor
Posts: 718
Registered: ‎12-21-2014
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nfcu minimum payment due

So since I got this card two months ago it has become our main everyday card/bill paying card.  We run about $6000 through a month.  We make payments about every week (just the way it works out between the dw and I)  But both times the statement closed we had a balance showing.  But every time it shows no minimum payment due.  It is not a problem, I was just wondering why...  We do the same with amex and if there was any balance showing it would show something is due.

Amex PRG NPSL / Venture $15,000 / Discover $10,500 / NFCU Cash Rewards $22,000 / NFCU GO Rewards $8000 (AU) / Amex ED $15000 / NFCU Flagship Rewards $10000 / Chase Slate (AU) $4000 / QS1 $3000 / USAA MC $1,500 / USAA Amex $1300 / Citi Costco $1300 (AU) / Amex Delta $1000 / FNBO Amex $1000 / Jcrew $1,950 / Overstock $1750 / NFCU CLOC $15,000
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Re: nfcu minimum payment due


jbsea wrote:

So since I got this card two months ago it has become our main everyday card/bill paying card.  We run about $6000 through a month.  We make payments about every week (just the way it works out between the dw and I)  But both times the statement closed we had a balance showing.  But every time it shows no minimum payment due.  It is not a problem, I was just wondering why...  We do the same with amex and if there was any balance showing it would show something is due.


Some creditors giive you credit for all the money you have already paid, I would still PIF to avoid the interest charges. Most give no break at all for paying prior to statement cut

"If there's a lack of money in your life, understand that feeling worried, envious, jealous, disappointed, discouraged, doubtful or fearful about money can never bring more money to you, because those feelings come from a lack of gratitude for the money you have."

"Reactions are powerful creators because they contain every element needed to manifest—they're a combination of thought, belief, and feeling in action. Positive reactions create more positive things, and negative reactions create more negative things. If you can respond to negative situations calmly and lightly, instead of with emotional turbulence, what happens next in your life will be so much better."

- Rhonda Byrne
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Re: nfcu minimum payment due


gdale6 wrote:

jbsea wrote:

So since I got this card two months ago it has become our main everyday card/bill paying card.  We run about $6000 through a month.  We make payments about every week (just the way it works out between the dw and I)  But both times the statement closed we had a balance showing.  But every time it shows no minimum payment due.  It is not a problem, I was just wondering why...  We do the same with amex and if there was any balance showing it would show something is due.


Some creditors giive you credit for all the money you have already paid, I would still PIF to avoid the interest charges. Most give no break at all for paying prior to statement cut


+1. Exactly what NFCU does

Established Contributor
Posts: 718
Registered: ‎12-21-2014
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Re: nfcu minimum payment due

yeah that is what we do... but it is also our card that we leave 4% on.  But like I said we are paying on it almost weekly.  I hate to see high balances. 

Amex PRG NPSL / Venture $15,000 / Discover $10,500 / NFCU Cash Rewards $22,000 / NFCU GO Rewards $8000 (AU) / Amex ED $15000 / NFCU Flagship Rewards $10000 / Chase Slate (AU) $4000 / QS1 $3000 / USAA MC $1,500 / USAA Amex $1300 / Citi Costco $1300 (AU) / Amex Delta $1000 / FNBO Amex $1000 / Jcrew $1,950 / Overstock $1750 / NFCU CLOC $15,000
Established Contributor
Posts: 718
Registered: ‎12-21-2014

Re: nfcu minimum payment due

And since I've been on these forums I have not paid one penny in interest, so thanks everyoneSmiley LOL

Amex PRG NPSL / Venture $15,000 / Discover $10,500 / NFCU Cash Rewards $22,000 / NFCU GO Rewards $8000 (AU) / Amex ED $15000 / NFCU Flagship Rewards $10000 / Chase Slate (AU) $4000 / QS1 $3000 / USAA MC $1,500 / USAA Amex $1300 / Citi Costco $1300 (AU) / Amex Delta $1000 / FNBO Amex $1000 / Jcrew $1,950 / Overstock $1750 / NFCU CLOC $15,000
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Registered: ‎07-12-2013
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Re: nfcu minimum payment due


jbsea wrote:

And since I've been on these forums I have not paid one penny in interest, so thanks everyoneSmiley LOL


That's an awesome feeling isn't it?  I made it my New Year's Resolution for 2015 to not pay a cent in credit card interest (still G2G).  I wasn't so fortunate in 2014 if you could imagine since it became a goal lol

 

Oz

AU:
Current FICOs [03/08/2017]: EQ 708 | TU 738 | EXP 718 | Past FICOs: [06/2013]: EQ 573 | TU 585 | EXP 541 |
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Re: nfcu minimum payment due

Well good luck oz.  your right it does feel good.  it lets me know that i'm doing everything right.  There are times it seems like it is going to be close, but so far so good.

Amex PRG NPSL / Venture $15,000 / Discover $10,500 / NFCU Cash Rewards $22,000 / NFCU GO Rewards $8000 (AU) / Amex ED $15000 / NFCU Flagship Rewards $10000 / Chase Slate (AU) $4000 / QS1 $3000 / USAA MC $1,500 / USAA Amex $1300 / Citi Costco $1300 (AU) / Amex Delta $1000 / FNBO Amex $1000 / Jcrew $1,950 / Overstock $1750 / NFCU CLOC $15,000

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